Apple is planning to launch iPhone SE2 at the 2018 World Wide Developers Conference (WWDC) in June. The phone is expected to sport larger 4.2-inch display and will have similar design as previous iPhone SE which was launched in March 2016.

Apple has not refreshed its iPhone SE line up apart from doubling the storage capacities to 64GB and 128GB in March of 2017. The new iPhone SE2 is rumoured to be armed with a faster A10 Fusion chip with 2GB of RAM and 32GB or 128GB of storage available.

According to earlier media reports, Apple is planning to use an LCD display in the next year’s iPhone SE2 model instead of costly OLED panel introduced in iPhone X.

The new iPhone will be designed by a new manufacturer Casetek, a subsidiary of Pegatron. Pegatron currently assembles iPhone and according to a second Nikkei source, the company has been working with casings for new LCD iPhone model. Casetek has produced iPads in the past, but this would be the first time to manufacture iPhone.

With this arrangement, Apple will further reduce its dependence on Taiwan-based Foxconn and South Korean Samsung, which is the only company supplying OLED displays in heavy quantities to meet iPhone X demand.

Apple manufactures cheaper iPhone variants for India and other Southeast Asian Markets. The second-generation India made iPhone SE 2 will be manufactured in association with Wistron's (Taiwanese original design manufacturer) facility in Bengaluru. The facility is already manufacturing iPhone SEs.

According to an earlier report by Taiwan's Economic Daily News, the iPhone SE 2 will cost Rs 30,000 and is being targeted at Southeast Asian markets.

With iPhone SE, Apple is considered as the top vendor of premium smaller smartphones, which might make Samsung think to launch a powerful Galaxy S9 Mini.